RCI Hospitality (NASDAQ:RICK) received a $34.00 price objective from stock analysts at Westpark Capital in a report released on Thursday. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Westpark Capital’s target price would indicate a potential upside of 15.92% from the company’s current price.
RICK has been the subject of several other research reports. ValuEngine downgraded shares of RCI Hospitality from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of RCI Hospitality from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, BidaskClub raised shares of RCI Hospitality from a “hold” rating to a “buy” rating in a report on Thursday, January 18th.
Shares of RCI Hospitality (RICK) opened at $29.33 on Thursday. The firm has a market cap of $286.12, a PE ratio of 34.51 and a beta of 0.33. RCI Hospitality has a 1-year low of $16.02 and a 1-year high of $33.78. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.96 and a quick ratio of 0.88.
Hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC acquired a new stake in RCI Hospitality in the fourth quarter worth about $133,000. Nationwide Fund Advisors lifted its holdings in RCI Hospitality by 269.6% in the second quarter. Nationwide Fund Advisors now owns 6,848 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 4,995 shares during the period. First Trust Advisors LP acquired a new stake in RCI Hospitality in the fourth quarter worth about $224,000. Rhumbline Advisers acquired a new stake in RCI Hospitality in the third quarter worth about $207,000. Finally, Bessemer Group Inc. raised its position in RCI Hospitality by 74.0% in the third quarter. Bessemer Group Inc. now owns 8,700 shares of the restaurant operator’s stock worth $215,000 after acquiring an additional 3,700 shares in the last quarter. 48.69% of the stock is owned by institutional investors and hedge funds.
About RCI Hospitality
With more than 40 units, RCI Hospitality Holdings, Inc, through its subsidiaries, is the country’s leading company in gentlemen’s clubs and sports bars/restaurants. Clubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, and other cities operate under brand names, such as “Rick’s Cabaret,” “XTC,” “Club Onyx,” “Vivid Cabaret,” “Jaguars” and “Tootsie’s Cabaret.” Sports bars/restaurants operate under the brand name “Bombshells Restaurant & Bar.” Investors are attracted by RCI’s strong cash flow, operating margins and local laws that create high barriers to entry in the gentlemen’s club business.
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